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Motley Fool Money

529s for 5/29

May 29, 2024
29:57
Snipd AI
Roger Young, CFP discusses the fundamentals and benefits of 529 College Savings Plans, exploring tax advantages, growth potential, and penalties associated with saving for college. The discussion also delves into strategies for balancing high income with monthly savings, as well as the impact of income versus savings on college financial aid.
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Podcast summary created with Snipd AI

Quick takeaways

  • Chewy announces $500 million stock buyback post-IPO lows, indicating confidence in future stock performance.
  • Dick's Sporting Goods' focus on athletic experiences and stable expansion suggests potential market outperformance.

Deep dives

Chewy's Resurgence and Stock Buyback Program

Chewy, a retail stock, showed resilience with a 27% stock increase post-IPO lows despite a decrease in active customers. The company announced a $500 million stock buyback, indicating a mature stance and confidence in future stock performance. Chewy's growth initiatives like pet insurance and vet clinics present potential avenues for expansion amidst a positive customer loyalty trend.

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